ECB needs to act on interest rates – Makhlouf

Irish Times | May 12, 2022 at 2:48 PM
  • Central Bank of Ireland governor Gabriel Makhlouf has joined growing chorus of policymakers indicating that European Central Bank (ECB) is on track to hike interest rates for the first time in a decade in July.
  • The stock of bonds held by euro zone central banks on behalf of the ECB under its asset purchase programme stood at almost €3.39 trillion at the end of April.